Daily Archives: January 7, 2013 @ 4:49 pm (Monday)

More of the blind leading the blind. Either way Treasury only spends what’s authorized by Congress. And all the coin does is shift interest expense from the Treasury to the Fed. Illogic is clearly a adaptive trait for holding office. … Continue reading →

Global banking rules make no sense at all to me. Each CB need only mind the banks its insures. But until that’s understood we have to suffer through this nonsense. “This was a compromise between competing views from around the … Continue reading →